UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Thornton, John L.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co.
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Ford Motor Company
F(Common), F.PRB (Series B Pref.)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
November/1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
| | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|2. | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Transaction | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |Date | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |(mm/dd/yy) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
Common Stock | | | | | | | 10,975 | D | |
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| | | | | | | | | |
Common Stock | 11/17/98 | P | | 15,770 | A | $54.7874 | | I | 01,02 |
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| | | | | | | | | |
Common Stock | 11/17/98 | S | | 15,770 | D | $54.7874 | -0- | I | 01,02 |
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| | | | | | | | | |
Common Stock | 11/10/98 | J(03) | | 3.646776 | A | $53.75 | 3.646776 | I | 01,03 |
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| | | | | | | | | |
Common Stock | | | | | | | 43.2 | I | 01,04 |
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| | | | | | | | | |
| | | | | | | | | |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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FORM 4 (continued)
<TABLE>
<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner- | |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |of | |
|Conver-| | | 5. | |7. | |ative |Deriv- |11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur- |of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans- | Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct |direct|
|Price |Trans- |action | or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or |Bene- |
1. |of |action |Code | of(D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr | (Instr. 3, |---------------- | |or |Secur- |of |direct |Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------ | ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr |(Instr|
(Instr. 3) |ity |Year) |Code |V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Call Options | | | | | | | | | | | | | | |
(right to buy)|$50.00 |11/18/98| P | | 11 | | Immed. |11/21/98|Common Stock | 1,100 |$412.50 | | I |01,02 |
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Call Options | | | | | | | | | | | | | | |
(right to buy)|$50.00 |11/18/98| S | | | 11 | Immed. |11/21/98|Common Stock | 1,100 |$475.00 | -0- | I |01,02 |
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Call Options | | | | | | | | | | | | | | |
(right to buy)|$50.00 |11/18/98| P | | 11 | | Immed. |12/19/98|Common Stock | 1,100 |$562.50 | | I |01,02 |
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Call Options | | | | | | | | | | | | | | |
(right to buy)|$50.00 |11/18/98| S | | | 11 | Immed. |12/19/98|Common Stock | 1,100 |$500.00 | -0- | I |01,02 |
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Ford Stock | | | | | | | | | | | | | | |
Equivalents | 05 | | | | | | 05 | 05 |Common Stock | 1,725 | | 1,725 | D | |
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Ford Stock | | | | | | | | | | | | | | |
Units | 06 | | | | | | 06 | 06 |Common Stock | 4,439 | | 4,439 | D | |
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</TABLE>
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Explanation of Responses:
01: The Reporting Person is a managing director of Goldman Sachs International
("GSI") and a member of the executive committee of Goldman, Sachs & Co. (alone
and together with its affiliates, "Goldman Sachs"). The Goldman Sachs Group,
L.P. ("GS Group") is the general partner of and owns a 99% interest in Goldman
Sachs. The Reporting Person disclaims beneficial ownership of the securities
reported herein as indirectly owned except to the extent of his pecuniary
interest therein.
02: The securities reported herein as indirectly purchased and sold were
purchased and sold and may be deemed to have been beneficially owned directly by
Goldman Sachs. Without admitting any legal obligation, Goldman Sachs will remit
appropriate profits, if any, to the Company.
03: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
3.646776 shares of Common Stock which were acquired in a privately negotiated
acquisition by and are beneficially and directly owned by the Greene Street 1998
Exchange Fund, L.P. ("Greene Street 1998"). Goldman Sachs is the investment
manager of Greene Street 1998. An affiliate of Goldman Sachs and GS Group is the
general partner of Greene Street 1998. The 3.646776 shares reported herein as
indirectly beneficially owned by Goldman Sachs and GS Group represents GS
Group's proportionate interest in the shares of the Issuer owned by Greene
Street 1998.
04: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
43.2 shares of Common Stock which are beneficially and directly owned by the
Greene Street Exchange Fund, L.P. ("Greene Street"). Goldman Sachs is the
investment manager of Greene Street. An affiliate of Goldman Sachs and GS Group
is the general partner of Greene Street. The 43.2 shares reported herein as
indirectly beneficially owned by Goldman Sachs and GS Group represents GS
Group's proportionate interest in the shares of the Issuer owned by Greene
Street.
05: These Ford Stock Equivalents were acquired under the Company's Restricted
Stock Plan for Non-Employee Directors without payment by the Reporting Person.
In general, 575 of these Ford Stock Equivalents will be converted and
distributed to the Reporting Person, without payment, in shares of Common Stock
on June 1 of each of the three years commencing 6/1/98.
06: These Ford Stock Units were acquired under the Company's Deferred
Compensation Plan for Non-Employee Directors. In general, these Ford Stock Units
will be converted and distributed to the Reporting Person, without payment, in
cash, on January 10th of the year following termination of Board Service, based
upon the then current market value of a share of Common Stock.
By: s/ Roger S. Begelman December 10, 1998
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**Signature of Reporting Person Date
Attorney-in-fact
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
